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Free tool · 2026 tax year

Salary & Paycheck Calculator

Convert any pay rate between hourly, weekly, biweekly, monthly and annual, and see your estimated take-home pay after 2026 federal income tax, Social Security, Medicare and state tax. Results update instantly. There is no signup and no email, and you can copy a link to share or save any result.

Texas has no state income tax on wages.

Capped at the 2026 limit of $24,500.

Annual salary (gross)

$62,400

$30.00/hr · $5,200/mo

Estimated take-home

$52,318

$4,360/mo · 16.2% total tax · 12% federal bracket

Pay periodGrossTake-home
Hourly$30.00$25.15
Daily$240$201
Weekly$1,200$1,006
Biweekly$2,400$2,012
Semi-monthly$2,600$2,180
Monthly$5,200$4,360
Annual$62,400$52,318

Where your pay goes (per year)

Federal income tax8.5%$5,308
Social Security (6.2%)6.2%$3,869
Medicare (1.45%+)1.5%$905
Texas income tax0.0%$0
Take-home pay$52,318

How much is $X an hour per year?

Annual pay assumes 40 hours a week for 52 weeks (2,080 hours). Take-home is an estimate for a single filer in a state with no income tax, using the 2026 standard deduction. Select any rate for the full breakdown.

Hourly rateAnnual salaryMonthlyEst. take-home / yr
$15 an hour$31,200$2,600$27,249
$18 an hour$37,440$3,120$32,263
$20 an hour$41,600$3,467$35,606
$22 an hour$45,760$3,813$38,948
$25 an hour$52,000$4,333$43,962
$28 an hour$58,240$4,853$48,976
$30 an hour$62,400$5,200$52,318
$35 an hour$72,800$6,067$60,045
$40 an hour$83,200$6,933$67,361
$45 an hour$93,600$7,800$74,678
$50 an hour$104,000$8,667$81,994
$60 an hour$124,800$10,400$96,567
$75 an hour$156,000$13,000$117,892
$100 an hour$208,000$17,333$154,819

Going the other way? $40K a year hourly · $50K a year hourly · $60K a year hourly · $75K a year hourly · $85K a year hourly · $100K a year hourly · $120K a year hourly · $150K a year hourly

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Is your salary enough, and what would raise it?

A paycheck calculator tells you what you take home today. The bigger question is where your pay goes next. The median M7 MBA applicant earns about $85K before business school, and the M7 median base after graduation is $175K. These tools put a dollar value on the next move.

Guide & methodology

How the salary and paycheck calculator works

HG

Researched & reviewed by Himanshu Gauba · Last updated · How we research

How to calculate your salary

Every pay figure, whether hourly, daily, weekly or monthly, is the same annual number divided by a different count of periods. The calculator first turns whatever you enter into an annual salary, then divides it back out into each period. That is why changing the 'per' selector keeps your annual pay the same instead of reinterpreting the number.

Hourly and daily pay depend on your schedule, so both are editable. The default is 40 hours a week and 52 weeks a year. That is the standard 2,080-hour year that payroll departments and most salary converters use. Lower the weeks if you take unpaid time off, or raise the hours if you regularly work paid overtime at your base rate.

Annual salary   = hourly rate × hours per week × weeks per year
Monthly pay     = annual ÷ 12
Biweekly pay    = annual ÷ (weeks per year ÷ 2)      → 26 checks at 52 weeks
Semi-monthly    = annual ÷ 24
Hourly rate     = annual ÷ (hours per week × weeks per year)

Hourly to annual salary formula: a worked example

Take $25 an hour, 40 hours a week, 52 weeks a year: $25 × 40 × 52 = $52,000 gross. A single filer subtracts the 2026 standard deduction of $16,100, leaving $35,900 of taxable income. The first $12,400 is taxed at 10% and the rest at 12%, for $4,060 of federal income tax.

Social Security takes 6.2% ($3,224) and Medicare 1.45% ($754). In a state with no income tax, take-home pay is $43,962 a year, or about $3,664 a month. That is 84.5% of gross.

LineAnnualPer biweekly check
Gross pay$52,000$2,000
Federal income tax−$4,060−$156
Social Security−$3,224−$124
Medicare−$754−$29
Take-home$43,962$1,691

How paycheck taxes are calculated

Federal income tax is progressive. Each slice of taxable income is taxed at its own bracket rate, so moving into a higher bracket only raises the tax on the dollars above the threshold. The calculator applies the seven 2026 brackets for your filing status after subtracting the standard deduction and any pre-tax 401(k) contribution.

Payroll (FICA) taxes are flat. Social Security is 6.2% of wages up to the annual wage base, and nothing above it. Medicare is 1.45% of all wages, plus an Additional Medicare Tax of 0.9% above the threshold for your filing status. 401(k) deferrals reduce income tax but not FICA.

State income tax works three ways. Nine states don't tax wages. Flat-tax states charge one rate, which the calculator applies exactly. States with graduated brackets start at a 5% placeholder that you should replace with your own effective rate. Your previous year's state return shows it: state tax divided by wages.

2026 figureSingleMarried filing jointlyHead of household
Standard deduction$16,100$32,200$24,150
22% bracket starts$50,400$100,800$67,450
24% bracket starts$105,700$211,400$105,700
Additional Medicare threshold$200,000$250,000$200,000
Social Security wage base$184,500$184,500$184,500

What this calculator does differently

  • It does the maths on the page. You never need a survey or an account to see a number.
  • It converts in every direction: hourly, daily, weekly, biweekly, semi-monthly, monthly and annual, gross and net, side by side.
  • It uses the official 2026 IRS and SSA figures and lists every source below.
  • Results are shareable. The link in your address bar reproduces your exact inputs.
  • It connects pay to career decisions. From here you can benchmark your salary, compare two job offers, or test whether an MBA would pay off.

Frequently Asked Questions

How do I calculate my annual salary from an hourly wage?

Multiply your hourly rate by the hours you work per week, then by the weeks you work per year. At 40 hours a week for 52 weeks that is 2,080 hours, so $25 an hour is $25 × 2,080 = $52,000 a year. If you take two unpaid weeks off, use 50 weeks (2,000 hours) instead.

How do I calculate my take-home paycheck?

Start with gross pay and subtract pre-tax deductions such as a 401(k). Federal income tax is charged on what is left after the 2026 standard deduction ($16,100 for single filers). Then subtract Social Security (6.2% up to $184,500), Medicare (1.45%, plus 0.9% above $200,000 for single filers) and any state income tax. Divide the result by your number of paychecks.

How much is $100,000 a year after taxes?

For a single filer in a state with no income tax, $100,000 a year leaves about $79,180 after federal income tax ($13,170), Social Security ($6,200) and Medicare ($1,450). That is roughly $6,598 a month or $3,045 per biweekly paycheck. State income tax lowers this further in most states.

What is the difference between biweekly and semi-monthly pay?

Biweekly pay arrives every two weeks, which is 26 paychecks a year, and two months a year contain three paydays. Semi-monthly pay arrives twice a month, usually on the 15th and the last day, which is 24 paychecks. On the same salary each semi-monthly check is slightly larger, but the annual total is identical.

Which states have no state income tax on wages?

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not tax wage income. Washington taxes some capital gains, and New Hampshire has fully repealed its tax on interest and dividends.

How accurate is this paycheck calculator?

Federal income tax, Social Security and Medicare use the official 2026 figures and are close to what an employer withholds for a single job with standard withholding. State tax is exact for flat-tax states and an editable estimate for states with graduated brackets. The calculator does not model local or city taxes, tax credits, itemized deductions, bonuses withheld at the supplemental rate, or health insurance premiums.

Does a 401(k) contribution lower my taxes?

Yes. A traditional 401(k) contribution comes out before federal and most state income tax, so it lowers your taxable income. It does not reduce Social Security or Medicare tax. The 2026 employee limit is $24,500, plus catch-up contributions if you are 50 or older.

Sources & limitations

  • IRS, Rev. Proc. 2025-32 and IR-2025-103: 2026 tax brackets and standard deduction (published October 2025).
  • Social Security Administration: 2026 contribution and benefit base of $184,500.
  • IRS Notice 2025-67: 2026 401(k) elective deferral limit of $24,500.
  • Internal Revenue Code §3101(b)(2): Additional Medicare Tax thresholds.
  • Tax Foundation, State Individual Income Tax Rates 2026 and 2026 State Tax Changes: flat state rates.
  • Limitations: no local or city income tax, credits, itemized deductions, supplemental bonus withholding, pre-tax insurance premiums or multiple jobs. Treat results as an estimate, not tax advice.

Results are educational estimates, not financial advice. See our editorial policy and disclaimer.

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